Frontline Report | Web3 Lawyer Deciphers the Latest Changes in U.S. Stock Tokenization!
The U.S. SEC has issued a No-Action Letter to DTCC’s subsidiary DTC, allowing it to conduct a pilot program for tokenizing traditional securities without prior rule-change approvals under certain conditions. This move is seen as a regulatory step toward modernizing securities infrastructure using blockchain, though it is not a full endorsement of tokenization. The tokenization will function as a parallel record-keeping system on a permissioned blockchain, improving back-end efficiency without altering legal ownership structures. Meanwhile, Nasdaq has separately proposed extended trading hours, sparking speculation about 24/7 trading alignment with crypto markets, though the proposal does not explicitly mention tokenization. The developments indicate growing institutional interest in blockchain-based settlement efficiency, though widespread adoption remains cautious and incremental.
marsbit12/18 10:40
